Apartment sales continuing on strong job, population growth

Gulf Coast apartment complexes attracting interest thanks in part to rising construction costs

  • By Kevin McQuaid
  • | 6:00 a.m. July 27, 2018
  • | 0 Free Articles Remaining!
KAYLEIGH OMANG -- The 228-unit Arcos Apartments, nearing completion in Sarasota, is being developed by Framework Group and Forge Capital Partners, both of Tampa.
KAYLEIGH OMANG -- The 228-unit Arcos Apartments, nearing completion in Sarasota, is being developed by Framework Group and Forge Capital Partners, both of Tampa.
  • Commercial Real Estate
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The A-Train just keeps rolling on along the Gulf Coast. “A” being for apartments, that is.

Despite an abundance of new product, interest rate hikes and heightened competition, investors’ collective appetite for buying multifamily rental projects regionwide appears to be undiminished.

 

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